Paper P4: Advanced Financial Management - Revision Kit

ACCA APPROVED CONTENT PROVIDER ACCA Approved Practice & Revision Kit Paper P4 Advanced Financial Management Practice & Revision Kit for exams from 1 September 2015 to 31 August 2016 Free access to our Exam Success site Look inside ACCA APPROVED CONTENT PROVIDER As the first accredited publisher of ACCA materials, BPP Learning Media has set the benchmark for producing exceptional study materials for students and tutors alike. Our Study Texts, Practice & Revision Kits and i-Passes (for ACCA F1/FIA FAB, ACCA F2/FIA FMA, ACCA F3/ FIA FFA and ACCA F4) are reviewed by the ACCA examining team and are written by our in-house authors with industry and teaching experience who understand what is required for exam success. EXAM SUCCESS SITE To help maximise your chances of succeeding in your exams, we’ve put together a suite of exclusive ACCA resources. Our Exam Success site provides you with access to a free digital version of this publication, as well as extra resources designed to focus your efforts on exams and study methods. To access the Exam Success site, please email learningmedia@bpp.com with the subject line “Access to Exam Success site - eBook”, including your order reference number and the name of the book you’ve bought (ie ACCA F7 Study Text) for your access code. Once you have received your code, please follow the instructions below: To access the BPP ACCA Exam Success site for this material please go to: www.bpp.com/ExamSuccessSite n Create a user account if you don’t already have one. Make sure you reply to the confirmation email. n Log in using your registered username and password. Select the paper you wish to access. n Enter the code you received when prompted. You will only have to do this once for each paper you are studying. PAPER P4 P R A C T I C E ADVANCED FINANCIAL MANAGEMENT BPP Learning Media is an ACCA Approved Content Provider for the ACCA qualification. This means we work closely with ACCA to ensure our products fully prepare you for your ACCA exams. In this Practice & Revision Kit which has been reviewed by the ACCA examination team, we: & R E V I S I  Discuss the best strategies for revising and taking your ACCA exams  Ensure you are well prepared for your exam  Provide you with lots of great guidance on tackling questions  Provide you with three mock exams  Provide the ACCA exam answers as well as our own for selected questions O N K Our Passcard product also supports this paper. I T FOR EXAMS FROM 1 SEPTEMBER 2015 TO 31 AUGUST 2016 First edition 2007 Ninth edition April 2015 ISBN 9781 4727 2695 7 (previous ISBN 9781 47271110 6) e-ISBN 9781 4727 2747 3 British Library Cataloguing-in-Publication Data A catalogue record for this book is available from the British Library Published by BPP Learning Media Ltd BPP House, Aldine Place London W12 8AA www.bpp.com/learningmedia Printed in the United Kingdom by RICOH UK Limited Unit 2 Wells Place Merstham RH1 3LG All our rights reserved. No part of this publication may be reproduced, stored in a retrieval system or transmitted, in any form or by any means, electronic, mechanical, photocopying, recording or otherwise, without the prior written permission of BPP Learning Media Ltd. We are grateful to the Association of Chartered Certified Accountants for permission to reproduce past examination questions. The suggested solutions in the practice answer bank have been prepared by BPP Learning Media Ltd, except where otherwise stated. © BPP Learning Media Ltd 2015 Your learning materials, published by BPP Learning Media Ltd, are printed on paper obtained from traceable, sustainable sources. ii Contents Page Finding questions Question index..................................................................................................................................................................v Topic index....................................................................................................................................................................viii Helping you with your revision.....................................................................................................................ix Revising P4 Topics to revise.................................................................................................................................................................x Question practice..............................................................................................................................................................x Passing the P4 exam........................................................................................................................................................xi Exam formulae................................................................................................................................................................xv Exam information..........................................................................................................................................................xvii Useful websites .............................................................................................................................................................xix Questions and answers Questions..........................................................................................................................................................................3 Answers........................................................................................................................................................................103 Exam practice Mock exam 1  Questions............................................................................................................................................................389  Plan of attack.......................................................................................................................................................397  Answers...............................................................................................................................................................399 Mock exam 2  Questions............................................................................................................................................................421  Plan of attack.......................................................................................................................................................429  Answers...............................................................................................................................................................431 Mock exam 3 (December 2014)  Questions............................................................................................................................................................449  Plan of attack.......................................................................................................................................................457  Answers...............................................................................................................................................................459 ACCA`s exam answers  June 2014............................................................................................................................................................477  December 2014...................................................................................................................................................486 Mathematical tables and formulae............................................................................................................497 Review Form iii ... - tailieumienphi.vn